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(Loss)/Gain on Derivative Instruments and Other Financial Items, Net | 9 Months Ended
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Sep. 30, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract] |
(Loss)/Gain on Derivative Instruments and Other Financial Items, Net | (LOSS)/GAIN ON DERIVATIVE INSTRUMENTS AND OTHER FINANCIAL ITEMS, NET (Loss)/gain on derivative instruments, net are comprised of the following:
(in thousands of $) | Nine months ended September 30,
| 2024 | 2023
Unrealized MTM adjustment for IRS derivatives | (14,005) |  | 3,307 |
Net interest income on undesignated interest rate swap (“IRS”) derivatives | 5,359 |  | 6,008 |
(Loss)/gain on derivative instruments, net | (8,646) |  | 9,315 |
Other financial items, net is comprised of the following:
(in thousands of $) | Nine months ended September 30,
| 2024 | 2023
Financing arrangement fees and other related costs (1) | (4,398) |  | (900) |
Foreign exchange gain/(loss) on operations | 285 |  | (1,444) |
Amortization of debt guarantees (2) | 1,210 |  | 1,544 |
Others | (261) |  | (257) |
Other financials items, net | (3,164) |  | (1,057) |
(1) Included within “Financing arrangement fees and other related costs” for the nine months ended September 30, 2024 is $4.4 million financial charges incurred by the FLNG Hilli's lessor VIE. (2) “Amortization of debt guarantees” relates to guarantee fees earned for the provision of (i) charter guarantees to Energos and (ii) debt guarantees for certain of CoolCo's outstanding sale and leaseback debts, with outstanding principal amounts of $152.3 million.

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- Definition The entire disclosure for derivative instruments and hedging activities including, but not limited to, risk management strategies, non-hedging derivative instruments, assets, liabilities, revenue and expenses, and methodologies and assumptions used in determining the amounts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 40 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480237/815-40-50-5 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 5C -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-5C Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 815 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/815/tableOfContent + Details
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